Incentives Flashcards

1
Q

Intrinsic motivation

A

Arise from the individual

Altruism, Gain knowledge etc

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2
Q

Extrinsic motivations

A

Imposed externally

Financial, social recognition, punishment

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3
Q

Financial rewards Edward Deci

A

Financial rewards decrease intrinsic motivation

Positive verbal feedback increases intrinsic motivation

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4
Q

Financial Incentives Gneezy and Rustichini

A

IQ test questions and charity collections

Pay enough or don’t pay at all

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5
Q

Financial Incentives Mason & Watts

A

Classifying images
Higher pay increases output
Higher pay doesn’t increase qualityAnchoring effect: workers always feel undercompensated

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6
Q

Financial Incentives Word Puzzle

A

No pay, piece rate, quota
Payment increases output but level of payment does not
Quality and effective cost affected by payment type

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7
Q

Social Mobilisation - Innovative Recursive Incentive Scheme

A

Finder gets half
Other half is propogated up referral tree
Completely scalable, budget never will be exceeded
No incentive to ignore referral and create your own ID
Can be subject to false names

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8
Q

Output Agreement

A

ESP game
Players given same input
Players produce outputs until there is a match

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9
Q

Input Agreement

A

Used for music as output agreement didn’t work

Players determine if they have the same input

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10
Q

Gamification

A
Adding game elements to a non game context
Points 
Badges
Leaderboards
Progression/Progress bars
Assists in motivating users
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11
Q

Non-monetary referral incentives

A

Used in charities to avoid advertising overheads

Having a solid amount per referral better than recursive referral

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